Codemasters in talks to sell to Rockstar parent company Take-Two

[Guest]

Info from VG 24/7 (ain't good tbh)

[Zello]

@BLOOD where you at man?

[sivispacem]

Wait, why would T2 buying Codemasters be a bad thing?

[Bob Loblaw_]

Wow, I can't wait to Grid and Dirt to go from fun, simple racing games to ever evolving, filled to the brim with micro-transactions multiplayer racing games.

[Grichka Bogdanoff]

Let's hope not.

 

a Hideo Kojima post.

[Testarossa]

Grid Theft Auto, Dirt Payne & Formula Redemption coming soon.

[Tez2]

It has been confirmed.

https://ir.take2games.com/news-releases/news-release-details/take-two-interactive-software-inc-confirms-offer-possibly

 

Quote

NEW YORK--(BUSINESS WIRE)--Nov. 6, 2020-- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today confirmed an announcement made by the Board of Codemasters that the Company has made a proposal to acquire the entire issued share capital of UK-based game publisher and developer, Codemasters, at a price of 485 pence (*approximately $6.40) per share (the "Possible Offer"), comprising 120 pence (*approximately $1.58) per share in cash and 365 pence (*approximately $4.82) per share payable in Take-Two stock. The Possible Offer remains conditional on, among other things, the completion of confirmatory due diligence and the recommendation of the Board of Codemasters. Take-Two reserves the right to waive any of these requirements.

 

Edited November 6, 2020 by Tez2

[Jason]

That's a lot of money for a studio that doesn't have any huge hitters and seem to have a more niche audience, albeit the F1 games are great racing games these days. Their last new IP if I recall was Onrush, which tanked hard. Be interesting I suppose to see where they go under Take-Two from a design perspective, and the fearmongering over monetisation has already begun but I'll wait and see on that one.

 

Interesting that this is the second studio they've linked up with that currently owns a major sporting license - The Golf Club w/ the PGA lisence and now F1. Take-Two wanting a fully fledged sports label perhaps?

[RARusk]

Probably. Maybe to do what EA has been doing for years with their sports franchises - microtransactions, loot boxes, unskippable ads, etc.

[Zello]

5 hours ago, Jason said:

Interesting that this is the second studio they've linked up with that currently owns a major sporting license - The Golf Club w/ the PGA lisence and now F1. Take-Two wanting a fully fledged sports label perhaps?

Yeah they really need to grow their Sports division aside from their NBA title all the other games don't do much in sales.

[JiaHengK]

Interesting decision from T2. Not really sure if this bodes well for the F1 franchise, but I hope that the games don't get littered with microtransactions.

[Zello]

Don't know why people are saying this isn't good. Smaller companies with niche games that don't sell well are already struggling and need help or else they'll go bankrupt and with COVID it's getting a lot worse. I think this is a move to keep them afloat and not have to lay off people.

[DeltaV20]

New Midnight Club soon! 

 

[Punkd]

just wanna add that for example the F1 2020 game (xbox) is the highest rated xbox game on metacritic in 2020 (91)

[DeltaV20]

5 minutes ago, Punkd said:

just wanna add that for example the F1 2020 game (xbox) is the highest rated xbox game on metacritic in 2020 (91)

Yeah and like Take 2 said " with a highly complementary fit between Take-Two's 2K publishing label and Codemasters in the racing genre." 

Take 2 just wanted to add F1 to their list. and Strauss said F1 will fit into the list of their sports games.

Edited November 10, 2020 by DeltaV20

[Guest]

it's over
 

Quote

Update 11/10/2020: Take-Two has announced that it's reached an agreement to acquire Codemasters in a cash-and-shares deal, valuing the UK developer/publisher at $994 million (£759 million). The acquisition is expected to complete in Q1 2021.
In a statement, Take-Two CEO Strauss Zelnick explained why the acquisition fit: “Codemasters has a renowned history of creating some of our industry's most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization's long-term growth."

Codemasters includes not just the development studio, but its publishing arm. Codemasters itself acquired Project Cars developer Slightly Mad last year.

of course two biggest T2 shills @Len Lfc & @gonnaenodaethat will say it's a good thing

Edited November 11, 2020 by Guest

[Zello]

1 hour ago, kris_1313 said:

 

of course two biggest T2 shills @Len Lfc & @gonnaenodaethat will say it's a good thing

It is though. Their games don't sell well. This will keep the lights on and prevent them from going bankrupt.

[Guest]

11 minutes ago, Zello said:

It is though. Their games don't sell well. This will keep the lights on and prevent them from going bankrupt.

>implying future Codies' games won't be full of MTX (like NBA 2K, which is unplayable even in single due for that)

we have another T2 shill there 

[Zello]

7 minutes ago, kris_1313 said:

>implying future Codies' games won't be full of MTX (like NBA 2K, which is unplayable even in single due for that)

we have another T2 shill there 

First there's COVID in case you didn't know a global pandemic going on that has impacted many industries lot of companies are going bankrupt because of it. Next you have to look at a company like Codemasters which again I have said has games that aren't selling well. You gotta look at Zenimax/Bethesda and one of the reasons why Microsoft bought them was you guessed it a lot of their games weren't selling well they were struggling Fallout 76 was a flop, and a lot of their other recent titles too. Codemasters releases are mainly Dirt and F1 and those only sell like what 100-200k units a year? That's not a lot and games are costing a lot more money to make and develop. Not to mention they had a Flop Codemasters released Grid and that flopped badly so it's not looking good for them. This acquisition made sense.

 

I'm not looking at it as a T2 shill I'm looking at it from a business perspective. But sure call me what you want.

Edited November 11, 2020 by Zello

[Guest]

21 minutes ago, Zello said:

First there's COVID in case you didn't know a global pandemic going on that has impacted many industries lot of companies are going bankrupt because of it. Next you have to look at a company like Codemasters which again I have said has games that aren't selling well. You gotta look at Zenimax/Bethesda and one of the reasons why Microsoft bought them was you guessed it a lot of their games weren't selling well they were struggling Fallout 76 was a flop, and a lot of their other recent titles too. Codemasters releases are mainly Dirt and F1 and those only sell like what 100-200k units a year? That's not a lot and games are costing a lot more money to make and develop. Not to mention they had a Flop Codemasters released Grid and that flopped badly so it's not looking good for them. This acquisition made sense.

 

I'm not looking at it as a T2 shill I'm looking at it from a business perspective. But sure call me what you want.

but the elephant in the room is T2 MTX invasive practices, which are so awful that only gacha games can top that

only shill can ignore that

[Zello]

3 minutes ago, kris_1313 said:

but the elephant in the room is T2 MTX invasive practices, which are so awful that only gacha games can top that

only shill can ignore that

 

 

They already have them and this was before Take two

 

¯\_(ツ)_/¯ 

 

So like your point....

 

Microtransactions are a part of modern gaming. If you want to stay in business you're going to need them.

Edited November 11, 2020 by Zello

[Guest]

7 minutes ago, Zello said:

 

 

They already have them and this was before Take two

 

¯\_(ツ)_/¯ 

 

So like your point....

 

Microtransactions are a part of modern gaming. If you want to stay in business you're going to need them.

still less invasive than T2 tho
 

Spoiler

btw I'm only 25yo and current state of gaming make me feel like an old fart

 

[DeltaV20]

T2 acquiring codemasters means MICROTRANSACTIONS!

[Len Lfc]

2 hours ago, kris_1313 said:

of course two biggest T2 shills @Len Lfc & @gonnaenodaethat will say it's a good thing

Just curious why me and Gonnae are the two biggest TT shills?

[Zello]

1 minute ago, DeltaV20 said:

T2 acquiring codemasters means MICROTRANSACTIONS!

Did you not see the video? Codemasters already had them before Take Two.

[DeltaV20]

oh well

[Guest]

11 minutes ago, Len Lfc said:

Just curious why me and Gonnae are the two biggest TT shills?

you for implying that Dan Houser's departure won't happened due to Zelnick's push for more Online mode DLCs
and Gonnae for that stupid preacher shtick "I wAs RiGhT aBoUt RdR2 AnD i Am RiGhT aBoUt NeXt GtA"; everyone knows only thing that Zelnick wants from R* is Online mode; his talks "R* should release games more frequently" is just PR bullcrap

[Len Lfc]

12 minutes ago, kris_1313 said:

 implying that Dan Houser's departure won't happened due to Zelnick's push for more Online mode DLCs

Which you have zero evidence of. And is much more likely he retired to spend time with his family and his charity/volunteer work.

But sure, I'm a TT shill.

Edited November 11, 2020 by Len Lfc

[Guest]

11 minutes ago, Len Lfc said:

Which you have zero evidence of. And is much more likely he retired to spend time with his family and his charity/volunteer work.

But sure, I'm a TT shill.

you don't know his reasons either

[Mister Pink]

2 hours ago, kris_1313 said:

>implying future Codies' games won't be full of MTX (like NBA 2K, which is unplayable even in single due for that)

we have another T2 shill there 

Keep it civil. Rather than just call people shills ad nauseum, construct an argument, with evidence and points please. Otherwise your behaviour is inflammatory. 

 

Consider this a friendly warning. Thanks.